PPPAC in-principle nod for privatisation of 11 airports
The Indian government's PPPAC has approved the privatization of 11 airports across five bundles. The ministry is currently finalizing caps on the number of bundles a single bidder can win to prevent market concentration.
Why it matters
This policy shift addresses concerns regarding monopolistic control in the aviation sector following previous privatization rounds.
The government’s Public Private Partnership Appraisal Committee (PPPAC) has given in-principle approval to the Ministry of Civil Aviation’s proposal for the third round of airport privatisation, covering 11 airports across five bundles, according to a government document.
The proposal will now move towards securing the PPPAC’s final approval, following which it will be placed before the Cabinet Committee on Economic Affairs (CCEA) for consideration.
The 11 airports being considered for privatization in five bundles include Amritsar and Kangra; Varanasi, Gaya and Kushinagar; Bhubaneswar and Hubballi; Raipur and Aurangabad; and Tiruchirappalli and Tirupati.
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